$10 mil per-year reup for O'Reilly, Fox News

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Papa Bear is remaining in the den.

Bill O'Reilly has re-upped with Fox News in a multiyear deal that pays in the neighborhood of $10 million a year. It would keep his top-rated cable news program, "The O'Reilly Factor," through the entire term of the next president.

"Bill O'Reilly is the most prominent and influential name in all of cable news, and his contribution to the network's success cannot be overstated," FNC chairman and CEO Roger Ailes said. "After 12 years, 'The O'Reilly Factor' maintains remarkable and consistent viewership growth and has firmly established itself as the top destination for newsmakers to reach a wide, diverse audience."

O'Reilly said he will continue because of Ailes and because Fox is a great place to work. He also took a shot at those in the mainstream media who don't like him by saying, "And, if I retired, I know my friends in the elite media would miss me greatly."

The former ABC correspondent has found unprecedented success at Fox, which he joined in 1996. (partialdiff)